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Manufacturers: GOP Wins A 'Good Night' For Business

Republicans have picked up so many seats in congressional and state races that this already can be declared “a very good night for manufacturers,” Jay Timmons said on a 9:30 pm call with journalists.

Timmons is the executive vice president of the National Association of Manufacturers (NAM), a powerful trade group.

Manufacturers are hoping the new, more conservative Congress will change laws affecting health care, energy policy and taxes, he said.

Timmons said NAM officials were particularly pleased to see Republican Rob Portman pull ahead quickly in the Ohio Senate race. “His victory is significant for manufacturers,” he said. NAM is calling for an extension of expiring tax cuts, and a new, lower corporate tax rate, he said.

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